Trent Financial Statements

Name: Trent Financials — historical data
Creator: StockeZee

For Mar 2026, Trent reported revenue of ₹20,074 crore and net profit of ₹1,720 crore. Return on equity stands at 27.70%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹20,074 Cr
EBITDA: ₹3,673 Cr
Operating margin: 18.3%
Profit after tax: ₹1,720 Cr
Net margin: 8.57%
EPS: ₹32.25
Latest year: Mar 2026
Years reported: 9

Trent profit & loss

Reported annual performance for Trent, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Trent annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	2,157	2,630	3,486	2,593	4,498	8,242	12,375	17,135	20,074
Sales Growth YoY %	—	21.91%	32.53%	-25.62%	73.47%	83.24%	50.15%	38.46%	17.16%
Other Income	44	41	145	202	175	261	289	219	115
Total Income	2,202	2,671	3,630	2,795	4,673	8,503	12,664	17,353	20,189
Cost of Goods Sold (COGS)	1,032	1,311	1,882	1,534	2,482	4,720	6,959	9,689	11,265
Purchases of Stock-in-Trade	1,070	1,460	1,952	1,372	2,920	5,211	7,124	10,143	11,497
Changes in Inventories	-39	-148	-70	162	-439	-491	-165	-454	-232
Gross Profit	1,126	1,319	1,604	1,059	2,016	3,522	5,416	7,445	8,810
Gross Margin %	52.19%	50.14%	46.02%	40.84%	44.83%	42.74%	43.77%	43.45%	43.88%
Total Operating Expenses	925	1,091	1,060	887	1,443	2,449	3,494	4,687	5,136
Employee Benefit Expense	230	287	359	302	399	655	1,037	1,308	1,355
Other Expenses	694	804	702	585	1,044	1,793	2,457	3,379	3,781
EBITDA	201	228	544	172	574	1,074	1,922	2,758	3,673
OPM %	9.33%	8.66%	15.6%	6.63%	12.76%	13.03%	15.53%	16.1%	18.3%
Total Non-Operating Expenses	76	88	493	505	588	860	1,566	1,034	1,503
Depreciation & Amortisation	46	52	247	257	311	494	671	895	1,361
Finance Costs	31	37	246	249	305	369	319	139	168
Exceptional Items (Before Tax)	0	0	0	-1	-27	-3	576	0	-26
Profit Before Tax (PBT)	169	180	195	-133	106	469	1,797	1,943	2,233
Tax Expense	60	74	59	-24	77	158	443	495	515
Current Tax	63	70	62	-8	89	170	343	488	575
Deferred Tax	-3	4	-3	-16	-12	-12	100	8	-59
Effective Tax %	35.21%	40.87%	30.2%	17.75%	72.23%	33.81%	24.67%	25.49%	23.07%
Total Profit for Period	87	95	106	-181	35	394	1,477	1,534	1,721
Less: Non-controlling Interests	0	-2	-17	-35	-71	-51	-9	-12	2
Net Profit (Owner's PAT)	87	97	123	-146	106	445	1,487	1,547	1,720
Net Profit Margin %	4.03%	3.69%	3.52%	-5.64%	2.35%	5.4%	12.01%	9.03%	8.57%
PAT Growth YoY %	—	11.49%	26.62%	-219.06%	172.4%	320.19%	234.35%	4.03%	11.18%
Earnings Per Share (EPS)	₹1.74	₹1.95	₹2.3	₹-2.74	₹1.98	₹8.34	₹27.88	₹29.01	₹32.25
Diluted Shares Outstanding (Cr.)	50	50	53	53	53	53	53	53	53
Profit/Loss from Associates	-23	-12	-30	-71	5	83	124	87	4
Other Comprehensive Income (Net of Tax)	1	-1	-6	107	6	-148	13	-9	-10
Expenses	2,032	2,491	3,435	2,928	4,567	8,034	10,867	15,410	17,956
Material Cost %	0%	0%	0%	0%	0%	0%	0%	0%	0%
Employee Cost %	10.68%	10.9%	10.28%	11.64%	8.87%	7.95%	8.38%	7.64%	6.75%
Other Cost %	32.18%	30.58%	20.13%	22.57%	23.2%	21.76%	19.86%	19.72%	18.83%
Interest Coverage (x)	5.09	4.79	1.21	-0.34	0.86	1.57	3.92	13.44	13.73

Trent revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Trent balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Trent annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	1,644	2,468	2,358	2,410	2,663	4,103	5,583	7,108
Equity Share Capital	33	36	36	36	36	36	36	36
Reserves & Surplus	1,613	2,352	2,277	2,328	2,560	4,032	5,426	6,949
Total Equity	1,644	2,468	2,358	2,410	2,663	4,103	5,583	7,108
Non-Current Liabilities	341	2,551	2,615	4,663	4,325	1,518	1,826	1,410
Long-term Borrowings	300	300	—	497	498	499	499	—
Deferred Tax Liabilities	25	—	—	—	—	—	—	—
Non-Current Provisions	16	18	14	21	59	160	166	161
Other Non-Current Liabilities	0	7	9	10	9	9	12	11
Non-Current Financial Liabilities	300	2,526	2,592	4,632	4,256	1,349	1,647	1,238
Current Liabilities	574	487	751	653	1,094	1,541	2,011	3,211
Short-term Borrowings	95	—	—	—	—	—	—	500
Trade Payables	245	298	275	378	665	774	928	1,211
Current Financial Liabilities	511	437	696	566	961	1,343	1,807	2,988
Other Current Financial Liabilities	172	139	421	188	295	569	879	1,277
Other Current Liabilities	51	41	46	72	118	150	173	138
Current Provisions	6	7	6	10	12	19	27	75
Current Tax Liabilities	6	2	3	6	2	30	4	10
Total Liabilities	915	3,038	3,366	5,316	5,419	3,059	3,836	4,621
Total Non-Current Assets	1,680	3,803	4,320	5,943	5,704	4,052	5,746	7,670
Property, Plant & Equipment (PPE)	561	2,640	2,959	725	871	1,146	2,068	3,366
Capital Work-in-Progress	87	23	108	105	102	224	180	254
Intangible Assets	42	42	40	3,907	3,601	1,250	1,773	2,096
Investment Property	32	29	28	28	27	27	27	30
Non-Current Investments	804	736	817	757	564	696	846	737
Loans – Non-Current	2	2	2	2	2	2	1	1
Other Non-Current Assets	94	117	153	171	216	178	164	194
Non-Current Financial Assets	837	814	891	854	703	1,146	1,464	1,599
Net Fixed Assets	691	2,706	3,107	4,736	4,574	2,620	4,021	5,715
Total Current Assets	878	1,697	1,393	1,777	2,369	3,110	3,664	4,058
Inventories	497	608	428	868	1,361	1,583	2,045	2,289
Trade Receivables	17	17	21	18	34	82	63	51
Cash & Cash Equivalents	51	56	76	82	83	295	338	281
Current Investments	79	779	671	526	546	720	635	648
Loans – Current	30	86	26	26	17	17	18	3
Current Financial Assets	300	982	854	755	803	1,256	1,214	1,106
Other Current Assets	71	83	106	152	188	267	403	661
Other Current Financial Assets	120	39	55	98	119	140	159	122
Assets Held for Sale	—	6	10	6	9	—	9	—
Current Tax Assets	11	23	5	2	17	4	2	3
Net Working Capital	304	1,210	642	1,124	1,275	1,568	1,654	847
Additional Asset Fields	-3	191	159	172	224	89	165	228
Def Tax Assets	—	110	115	126	156	54	43	105
Non Controlling Int	-3	80	44	46	67	35	122	123
Total Assets	2,559	5,507	5,724	7,726	8,082	7,162	9,420	11,729
Total Borrowings	394	300	—	497	498	499	499	500
Net Debt	343	244	—	415	415	204	161	219
Debt to Equity (x)	0.24	0.12	—	0.21	0.19	0.12	0.09	0.07
Current Ratio (x)	1.53	3.48	1.85	2.72	2.17	2.02	1.82	1.26

Trent cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Trent annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	58	595	1,349	1,661	2,668
Profit Before Tax	106	469	1,797	1,943	2,233
Depreciation & Amortisation	312	494	672	896	1,360
Finance Costs	282	352	299	108	0
Working Capital Changes	-429	-293	-272	-568	-399
Tax Paid	-82	-191	-299	-494	-551
Net Cash from Investing Activities	56	-103	-508	-923	-1,578
Purchase of PPE	-271	-503	-737	-1,268	-1,763
Sale of Fixed Assets	61	280	343	407	26
Interest Received	15	8	2	6	17
Net Cash from Financing Activities	-108	-491	-629	-694	-1,148
Proceeds from Borrowings	0	173	0	0	0
Repayment of Borrowings	-301	-173	-0	0	0
Interest Paid	-246	-359	-309	-134	-173
Dividend Paid	-43	-39	-78	-114	-177
Buyback / Redemption of Shares	0	0	0	0	0
Lease Liabilities Paid	-69	-140	-277	-540	-797
Net Change in Cash	7	1	211	44	-57
Effect of Foreign Exchange Changes	0	0	0	-0	1
Free Cash Flow	-212	91	612	393	905
CFO / PBT (x)	0.55	1.27	0.75	0.85	1.19

Trent key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Trent valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	93.12
Forward P/E	Valuation	63.38
P/B	Valuation	22.93
PEG (TTM)	Valuation	1.28
EV / EBITDA (TTM)	Valuation	29.69
P/S (TTM)	Valuation	7.71
Operating margin	Profitability	18.7%
Net margin (TTM)	Profitability	8.57%
Return on equity	Return ratios	27.7%
Return on capital employed	Return ratios	28.3%
Return on assets	Return ratios	13.72%
Debt to equity	Leverage & liquidity	0.37
Beta	Leverage & liquidity	1.24
EPS (TTM)	Per share	₹32.2
Book value	Per share	₹131
Revenue / share (TTM)	Per share	₹376.46
Cash flow / share	Per share	₹50.03
Dividend yield	Shareholder returns	0.13%
Dividend payout (TTM)	Shareholder returns	22.94%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Trent: frequently asked questions

What is Trent's annual revenue?

Trent reported revenue of ₹20,074 crore in Mar 2026, up 17.2% on the previous financial year.

Is Trent profitable?

Trent reported a net profit of ₹1,720 crore in Mar 2026, up 11.2% on the previous financial year.

What is Trent's EPS?

Trent reported earnings per share of ₹32.25 for Mar 2026.

What is Trent's operating margin?

Trent's operating margin for Mar 2026 was 18.30%.

What is Trent's return on equity?

Trent's return on equity stands at 27.70%. ROE measures profit generated per rupee of shareholder equity.

How many years of Trent financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

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Disclaimer

The data, ratios and commentary about Trent Ltd (TRENT) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.